Happy New Year from Your Private College Loan!


Are you already in a state of frustration when it comes to repaying your private student loan? Has meeting the monthly dues become so burdensome that you have become amiss with such responsibility? A piece of advice; never give up on your private college loans.

It is your choice to get private student loans in your desire to pursue your schooling. And the have successfully gotten you through your college education. Your next move is to face strongly this financial responsibility to keep your credit rating in the best state that it can be.

If you need a motivation to go and work harder in paying back your college debts, then always think about how delinquency in your repayment can destroy your good credit status. We all know how important it is to maintain a pristinely clean rating. The most important of which is the opportunity for us to further obtain important loans whenever needed.

In a few days, it is going to be New Year. Let us all try to resolve doing our best when facing our financial responsibilities in repaying our loans; let’s make it a strong and major strong resolution for next year.

A prosperous, debt-free New Year to all of us!

Season's Greetings from Your Private College Loan


For students who own private student loans, these coming Christmas holidays seem a great time to divert your funds to Yuletide gifts and parties. You might want to forego the repayment of your private college loan for this December and instead spend the money on some Holiday splurges.

Please do not have the urge. Even the Christmas season is not major enough reason for you to mess up your credit report with some unpaid repayment responsibility.

Finances that concern your private student loan should be dealt with responsibly. Never miss out on your monthly loan dues. This helps in maintaining a decent rating. Your college loan should be a priority when it comes to paying off your financial dues.

Who knows? You might still need a student or other personal loans in the future. And owning a good credit history will provide with an easy way towards getting your loan applications easily approved.

On this Yuletide Season, here’s wishing you all a Merry Christmas and a Prosperous New Year – from Your Private Student Loan.

Your Parents on Private Student Loan Matters


If you are going for some private student loan because you need to pay for your college expenses, perhaps it is best that you consult your parents regarding this financial matter. Just as you were able to talk to them and seek for their advice on most of your school matters, getting private college loan is certainly not an exception.

Many parents have no choice but to give their approval in their child getting some private student loans since college can really be an expensive pursuit. However, their experience in loans can definitely be a great help especially if the parents have themselves gotten and paid off their own private loans.

Parents most of the time are willing to give more than enough encouragement for their kids who are actually having second thoughts about getting college loans. They have a role of providing help in paying off your college expenses, but more often than not, their financial capabilities are lacking – and their kids have no choice but to get private and federal student loans.

Parents can be a big help by getting loans themselves to be paid for their children’s education. For example is the PLUS or Parent Loan for Undergraduate Student, which permits parents of students to be able to borrow money for the tuition and other college expenses. Another way is by getting equity loan to pay off their children’s college, although the downside of this loan is that your house becomes collateral.

Whatever kind of loans you or your parents might acquire for your education, remember that you have to repay all of them, in order to preserve your good credit.

Closed for Christmas and New Years

CFS will be closed for Christmas and New Years from Monday, December 24th through Wednesday, January 2nd. The office will reopen on Thursday, January 3rd.

You can still contact us, our email and voice-mail will be checked regularly. If you need to contact Scott Anderson during this time, the best method will be email at scott@cfstrategies.com.

Waiving of Private College Loans Possible?


Any student would probably have thoughts similar to this on their minds: “I have gotten a number of private student loans, but now I am suffering from so much financial strain, I definitely need quick help to pay them off.

But wait, is there any possibility at all that I need not anymore pay for these private college loans, and instead be forgiven by the lending companies with which I got such loans? Is there such as a thing as a waiver or forgiveness in your student college loans?

Well, if we say student loans, there are indeed several kinds of loans that can be forgiven or the repayments be waived. First of all, there is the government or federal student loan which can be forgiven, either in part or whole. There is such as a thing as a total forgiveness of your federal college loan, rendering you free from debt.

If your student loan is what we call privately subsidized, then it can be forgiven on some extent. But you must remember that generally speaking, it is not possible for private college loan to be forgiven.

Such loans can be placed under a college debt consolidation program, or you might succeed in acquiring debt renegotiation but this is as far as you can go. There is no such thing as private student loan forgiveness or combination.

Going for College Scholarship Over Private Student Loans Anytime


College loans and grants are very popular among students, albeit private college loans will definitely be not needed if there are university scholarships to be availed by college students. Scholarships simply are money that you can spend for your school expenses – without having to worry about repaying them, unlike with private student loans.
A university scholarship is a means by which you can pay your way thru college – it is your money, because you earned it. Of course, any scholarship cannot be had with stringent requirements, and one of the most common of such requirements is the academic excellence. Superior grades definitely is a significant factor in apply for any scholarship.

On the other hand, a private student loan is simply money that you are able to get with the promise that you will pay it back, together with the accrued interest. While a scholarship is one which you get for being an ace student, a private college loan will not require you to be one. Instead you will be graded according to your credit history. This will be the basis on whether or not you can get a private loan.

Whether you have the chance to acquire a university scholarship, full or partial, or be approved of a private student loan, any of these will help you in the payment of your college expenses. Be thankful if you are given the chance to enjoy a scholarship, which means lesser worries about where to get money. On the other hand, if you are one which has no choice but to apply for private loans, then make sure you get the one the best serve your university needs.

Get Private Student Loan: Regardless of Your Financial Standing


Do you know that private student loan can still be had even you have no or bad credit history to speak of? In the competitive industry of private college loans, many of the lending companies offer such loans to students who worry about this financial obstacle of having no or bad credit status in an effort to assist them in their pursuit of college education.

A private student loan is offered by many private loan companies to students without their application being subjected to credit check. This indeed can be great news for a student who is a prospective borrower but has no good credit rating to speak of.

What is one instance when a student can apply for a private college loan but owns a bad rating? If it is unfortunate that a student is hit by a bankruptcy, this can have a very bad effect on your ratings. Many lending companies are lenient on students with cases like this and are only too willing to accept their private loan applications without looking over and considering their ratings.

Hence, if you are a student who have just gotten into a state of bankruptcy, and is in dire need of a college loan, then you need not worry as there are many lending companies who will cater to your private student loan needs.